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Brainard: How Should We Think about Full Employment in the Federal Reserve's Dual Mandate?
I want to thank Jason Furman and David Laibson for inviting me to join your economics class. I often found it difficult in introductory economics to connect the abstract concepts in the textbooks to the real-world issues I cared about. So the one message I hope you remember from today is that economics provides powerful tools to enable you to analyze and affect the issues that matter most to you.1 With jobs down by 10 million relative to pre-pandemic levels, one issue that matters fundamentally to all of us is achieving full employment. So today I want to talk about both the Federal Reserve's responsibilities with ... (full story)
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*Fed's Brainard: Real Unemployment Rate Closer to 10%, Not 6.3%
— *Walter Bloomberg (@DeItaone) February 24, 2021
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Fed's Brainard:
— DailyFX Team Live (@DailyFXTeam) February 24, 2021
- Monetary policy will continue to provide support for the economy
- US jobless rate is closer to 10%
- While expectations have picked up, inflation remains low
- Economy is still far from price and job goals, will take time to reach them#Fed $USD
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- Feb 24, 2021 10:40am Feb 24, 2021 10:40am
- Sahir12
- | Membership Revoked | Joined Feb 2018 | 441 Comments
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- Feb 24, 2021 12:06pm Feb 24, 2021 12:06pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments